BTC Slips to $51K Again

The past seven days were quite different than the previous ten, in which the primary cryptocurrency gained over ten grand and shot up above $50,000 for the first time in over two years. The last week, though, finally brought some calmness in the market, and BTC remained relatively still in a range between $51,000 and $52,000.

The most substantial fluctuations came mid-week when Bitcoin soared to $53,000 to tap a new multi-year peak. However, it was quickly driven south and slumped by over two grand in hours.

Since then, BTC has been unable to resume its bull run and came close to breaking above $52,000 on a few occasions, but to no avail. The last rejection came during the weekend, and the cryptocurrency is now struggling to remain above $51,000.

Its market cap has slipped back down to $1 trillion on CG, and its dominance over the alts is at 48.3%.